Rio Tinto\u2019s third-quarter diamond production fell 8% year-on-year to 4.2 million carats on account of lower grades at the soon-to-be-closed Argyle mine.<\/p>\n\n\n\n
For the quarter that ended 30th September, 2020, carat production at the mine in Australia was 10% lower, at 3.203 million carats, than the same period of 2019 as a result of a reduction in recovered grade, Rio Tinto said. The company is preparing for the safe winding-up of Argyle operations before the end of 2020, followed by closure activities to commence in 2021.<\/p>\n\n\n\n
At the Diavik mine in Canada, diamond output in the third quarter of 2020 was 1% higher, at 1.00 million carats, than the third quarter of 2019, due to higher ore availability and higher processed tonnes.<\/p>\n\n\n\n
In the January-September 2020 period, Rio Tinto\u2019s diamond output fell 7% year-on-year to 11.87 million carats. Its full-year production guidance is expected to be around 12 to 14 million carats, down from 17 million carats in 2019.<\/p>\n\n\n\n
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Caption: Portal to the Argyle underground mine. \u00a9 Rio Tinto<\/p>\n","protected":false},"excerpt":{"rendered":"
Rio Tinto\u2019s third-quarter diamond production fell 8% year-on-year to 4.2 million carats on account of lower grades at the soon-to-be-closed Argyle mine. For the quarter that ended 30th September, 2020, carat production at the mine in Australia was 10% lower, at 3.203 million carats, than the same period of 2019 as a result of a…<\/p>\n","protected":false},"author":1,"featured_media":5491,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83,96,100],"tags":[],"thb-sponsors":[],"class_list":["post-5490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin","category-diamonds","category-in-focus"],"acf":[],"yoast_head":"\n